Amaroq Minerals Ltd. has experienced a significant increase in demand in its share offering, with Landsbankinn hf. and Fossar fjárfestingarbanki hf. acting as joint sales agents in Iceland. Additionally, the company's director, Sigurbjorn Thorkelsson, participated in the Canadian Subscription, acquiring 2,700,000 new common shares. This participation is considered a related party transaction and has been deemed fair and reasonable by the independent directors. The notification regarding Thorkelsson's participation is in accordance with the UK Market Abuse Regulation.
The announcement emphasizes that it does not constitute a prospectus relating to the company, nor does it contain an invitation or offer to subscribe for shares. It also states that the announcement is not for publication or distribution in the United States of America, Australia, South Africa, Japan, or any other jurisdiction where such release, publication, or distribution would be unlawful.
For further information, individuals can contact Eldur Ãlafsson, the CEO of Amaroq Minerals Ltd., or Eddie Wyvill for business development. Additionally, the joint sales agents, financial PR, and other relevant contacts are provided for inquiries.
The details of Sigurbjorn Thorkelsson's participation in the Canadian Subscription, including the nature of the transaction, the financial instrument, and the date of the transaction, are outlined in the announcement. It also includes important notices regarding the announcement's purpose and distribution.
Overall, the news highlights the increased demand in Amaroq Minerals Ltd.'s share offering, the related party transaction involving the company's director, and the important notices regarding the announcement's scope and distribution.